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China rolled out a 4 trillion yuan (6.4 billion) fiscal stimulus that year and it worked. The strong, decisive actions helped China "insulate its markets from a virulent financial contagion."
China will also expand effective investment, Li said. An increase of 1.6 trillion yuan (3.6 billion) of local government special purpose bonds, together with the issuance of special treasury bonds for COVID-19 control this year, will support investment in new infrastructure facilities, new types of urbanization, and key projects that contribute to better lives for people.
China plans to select 3,000 kindergartens to become youth soccer nurturing grounds by the end of this year as authorities push ahead with reforms aimed at making the country a global power in the sport, the Ministry of Education said on Tuesday.
China saw generally balanced cross-border capital flows in the first half, while sound economic fundamentals and improving forex management could help the nation better manage capital outflows, the foreign exchange regulator said on Thursday.
China launched strict new regulations in June that require foreign firms to store data locally and outsource hardware elements to local partners.
来源：资阳报